You Want to Borrow $200,000 at 4

question 93

Multiple Choice

You want to borrow $200,000 at 4.5% interest. If you assume a 10-year loan, the monthly payment will be ________ as compared to ________ if you assume a 20-year loan.

• A)$1,237.50; $1,103.88
• B)$2,072.77; $1,237.50
• C)$2,072.77; $1,265.30
• D)$2,198.18; $1,265.30
• E)$2,298.16; $1,433.50

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Definitions:

Divorced

The legal termination of a marriage by a court or other competent body, officially ending the marital relationship between two individuals.

Reproductive Technologies

Medical and technological procedures used to assist in conception and pregnancy, including IVF, surrogacy, and genetic screening.

Nature of Family

The essential qualities, functions, and structural characteristics of family life and relationships within a given society.

Regulated Daycare Spaces

Childcare spots that are officially supervised and meet governmental standards for health, safety, and caretaker qualifications.